Event CoverageAlibaba Investor Day 2019: Day 2 Insights Coresight Research September 26, 2019 Executive SummaryThe Coresight Research team was in Hangzhou, China, September 23-24 for Alibaba Group’s annual two-day investor event. These are the key insights from day two: Cloud and technology play essential roles in Alibaba’s “digital economy.” Supported by the company’s technology infrastructure, including machine learning, data computing, robots and fintech, Alibaba developed databases and systems to support business unit and client business needs. Alibaba just closed a deal to acquire a 33% share of Ant Financial. By adding Ant Financial’s 900 million annual active users, the total number of Alibaba digital economy users will reach 960 million in China. The company has adopted a multi-brand strategy to globalization: It has integrated international infrastructure of commerce, logistics and payment platforms, and will continue to grow its international business. Alibaba said it now has 130 million annual active consumers outside China. Alibaba thinks online and offline retail cannot be distinguished: Offline retailers need to digitalize their businesses, which also helps retailers glean value from data insights. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Company Earnings UpdateSainsbury’s (LSE: SBRY) 2Q20 Trading Update: Closing Stores as 1H20 Profits Set to Dip Coresight Research September 26, 2019 Executive Summary Sainsbury’s reported comparable sales ex fuel fell 0.2% year over year in 2Q10, compared to a 1.6% decline in the previous quarter. Management expects 1H20 underlying pretax profits to be down by £50 million year over year but FY20 underlying pretax profits to be in line with consensus expectations. The company sees an opportunity to cut costs by £500 million over five years. It plans to close 10-15 supermarkets, 60-70 Argos stores and 30-40 convenience stores, while opening 10 new supermarkets and 110 new convenience stores. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Company Earnings UpdateBoohoo Group (LSE: BOO) 1H20 Results: Revenues and EPS Beat Consensus Again; Raises FY20 Guidance Coresight Research September 26, 2019 Executive Summary Boohoo Group reported 1H20 total revenues of £564.9 million, up 43% year over year and above the consensus estimate of £553.0 million recorded by StreetAccount. Boohoo’s 1H20 adjusted EBITDA margin expanded 80bps to 10.8%. For FY20, the group raised revenue guidance in the range of 33% – 38% against previous guidance of 25% – 30% and maintained adjusted EBITDA margin of about 10%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Deep DiveCan CBD Save the Mall? Coresight Research September 26, 2019 Executive SummaryCannabidiol (CBD) has seen surging popularity in what is a new product category. Brands and companies are jumping on the opportunity by launching new products containing CBD, selling extracts, capsules and even raw plant. But can CBD save the mall? Hemp-derived CBD sales in the US are expected to reach $646 million in 2022, according to New Frontier Data. With increased venture capital support, CBD startups are expanding and actively looking for channels to generate revenue: We expect more brands and retailers to add CBD formulations, which will drive consumer interest and foot traffic. Consumers remain interested in physical retail for browsing and researching products. Physical stores are a point of discovery for emerging brands, and new products such as CBD are effective in drawing in customers. Surveys suggest that consumers prefer to buy CBD in store, and producers are partnering with retailers and REITs to expand distribution channels. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Company Earnings UpdateNike (NYSE: NKE) 1Q20 Results: Growth Across All Geographies, Led by Product Innovation and Digital Coresight Research September 25, 2019 Executive Summary Nike 1Q20 revenues rose 7.1% to $10.66 billion, driven by growth across all geographies, beating the $10.44 billion consensus estimate. By region, China grew most rapidly, at 22% to $1.68 billion, with equal growth in footwear, apparel and equipment. For 2Q20, Nike expects 7% revenue growth (in line with Q1 reported revenue growth) and a 25-bps increase in gross margin. For FY20, Nike expects high single-digit constant-currency revenue growth. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Event CoverageAlibaba Investor Day 2019: Day 1 Insights Coresight Research September 25, 2019 Executive SummaryThe Coresight Research team was in Hangzhou, China on September 23-24 for Alibaba Group’s annual two-day investor event. These are the key insights from day one of the event: Tmall wants to help brand owners launch new sub brands and products exclusively for Tmall consumers by using new media, including social media, short videos, live streaming and higher quality content. Tmall is moving to Tmall Flagship Store 2.0 by helping brands and merchants to better manage consumers, accelerate digitalization and drive new growth by improving the connection between online and offline, allowing open source and launching new mini programs. In early September, Alibaba paid $2 billion to acquire online import platform Kaola. Alibaba plans to operate a “dual brand” model with Alibaba tapping into Kaola’s huge user base. As part of Alibaba Group’s globalization strategy, AliExpress links products, which are not only limited to Chinese products, to consumers outside China. The platform is powered by Alibaba technology and offers features such as country-specific personalization. In the future, Alibaba wants to help SMEs around the world to sell products to different countries. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Insight ReportBig Billion Days 2019: Previewing India’s Annual E-Commerce Festival Coresight Research September 25, 2019 Executive SummaryFlipkart’s annual Big Billion Days (BBD) shopping festival kicks off September 29 and will run for six days this year, through October 4. Here’s what we expect from this year’s event: BBD 2019 is set to be the biggest ever, with Flipkart widening its reach and strengthening last mile delivery into non-tier-one cities and towns. The company is driving affordability by offering a variety of financing options, including Cardless Credit, Flipkart Pay Later and No-Cost EMIs. Flipkart’s BBD will compete against Amazon’s Great Indian Festival (GIF) – scheduled for the same time. Flipkart Plus members and Amazon Prime members will have exclusive early access to certain offers. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportRetail-Tech Landscape: The Internet of Things Coresight Research September 24, 2019 Executive Summary The Internet of Things (IoT) can improve retail operations and transform the shopping experience. This Retail-Tech Landscape report and the accompanying infographic list notable companies using IoT to provide applications to improve consumer engagement, measure and analyze shopper behavior and manage supply chains, inventory, store operations, payments and waste. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportNew Retail Briefing: Tencent Develops New Credit Payment Product Coresight Research September 24, 2019 Executive Summary“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Here’s what’s happening: Tencent is developing a credit payment product, named Fenfu, which will integrate into WeChat Pay. Coach and Kate Spade will launch stores on Alibaba’s dedicated luxury and premium goods platform Tmall Luxury Pavilion. Tmall joined New York Fashion Week under the banner of “Tmall China Cool,” with five Chinese brands showcasing their spring-summer 2020 collections at Spring Studios. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Flash ReportWalgreens and Alphabet’s Wing Aviation Launch Drone Delivery Pilot Coresight Research September 24, 2019 Executive SummaryOn September 19, 2019, Walgreens announced a partnership with Wing Aviation to offer an on-demand drone delivery service. Wing Aviation is part of Alphabet. Using Wing Aviation’s drones, Walgreens will be the first US retailer to test an on-demand drone delivery service. The pilot program launches next month to deliver food and beverages, over-the-counter medications and other items, but not prescription medicine. Drone deliveries in the US are still at the early stages: Amazon and UPS are also testing drone delivery. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Question of the WeekWhat Are the Biggest Challenges in Omnichannel Execution Among European Retailers? Coresight Research September 23, 2019 QUESTION OF THE WEEK: What Are the Biggest Challenges in Omnichannel Execution Among European Retailers? Cost is the biggest barrier to omnichannel execution among European retailers, according to a new survey by Coresight Research and Salesforce. Other leading challenges include data privacy and security, and the integration of technology in existing operations. This document was generated for
Insight ReportOracle Looks Forward to Revenue Acceleration from Autonomous Database, Second-Generation Cloud and Geographic Expansion Coresight Research September 23, 2019 Executive SummaryOn September 19, 2019, Oracle held its annual financial analyst meeting, which took place in connection with its OpenWorld conference. Oracle expects revenues to accelerate in a what it called a “killer year.” The company’s late arrival to the cloud services market enabled it to focus on security and performance. The company is applying machine learning to its autonomous database, which enables it to automatically patch, upgrade and back itself up. Autonomous systems do not require human intervention, reducing entry points for hackers and increasing security. Oracle also provided an update on its second-generation cloud architecture, which is being deployed in one new geography per month, approaching a target of 36 in 2002, with the same key applications available in all geographies. The company also announced the integration of voice recognition and chat in its platforms, in addition to a new higher-performance Exadata database machine. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportChina National Day Golden Week 2019 Preview Coresight Research September 23, 2019 Executive SummaryTo celebrate China’s National Day and encourage Chinese people to travel and spend, China has a seven-day golden week holiday every year, from October 1 (National Day) to October 7. Chinese tourists travel heavily during golden week, which in turn boosts both domestic and global retail sales. According to some of China’s leading travel agencies, including Ctrip, Lvmama and Ecwalk, during this year’s National Day holidays: Over 800 million Chinese citizens will travel, over 60% of whom will go overseas. Over 40% of people take more than seven days by adding annual leave or other methods. Tourists are mostly people born 1980-1989, accounting for 31% of the travelling population, while those born 1990-1999 will account for 22%. Some 28% will travel with children. The top three destinations are Japan, Thailand and Italy. Hong Kong is expected to lose a great number of tourists due to the recent protests. Travelling costs will be higher than non-holiday seasons: Potentially twice as much as usual. That said, competition for popular destinations may drive down costs to those locations. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight Report30 Global Retail Cities: Sydney Coresight Research September 20, 2019 Executive SummaryWith this series, 30 Global Retail Cities, we profile the world’s major shopping cities – from fashion capitals such as Milan to shopping hubs such as Honolulu and Bermuda. We curated the top retail stores in each city, along with must-see shopping districts, major retail events and innovative store formats. Click here to view the full 30 Global Retail Cities series. Highlights: Mercedes-Benz Fashion Week Australia is Australia’s biggest fashion week. T Totaler is an environmentally conscious tea boutique. Its products include loose-leaf tea and herbal blends packed in glass test tubes, recycled bags or pharmaceutical jars. The Daily Edited is a fashion accessories brand that opened a flagship store dubbed “The TDE Apartment,” which sells home décor, daily essentials and bags, among other items. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Analyst CornerWeinswig’s Weekly — September 20, 2019 Coresight Research September 20, 2019 Executive SummarySeptember 20, 2019 This week’s note “From the Desk of Deborah Weinswig” looks at India’s Big Billion Days shopping festival. In the news this week: Shopify is bringing new tools for US hemp and CBD retailers, such as online store design, payment, shipping and marketing. Ahold Delhaize has partnered with China-based tech firm Hanshow Technology to install electronic shelf labels that allow shoppers to access product information and also enable automated price cuts. IKEA has started construction on a new ¥1 billion ($141 million) store in China’s southwest Yunnan province, scheduled to open next year. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
